RealTime IT News

Today's Deals: Web Security Sector Targeted

Allegiance Telecom + Virtualis Systems, Angelaudio.com + Ron Winter Ltd., RITZ Music Group PLC, Baltimore Technologies + Nevex Software Technologies, BEA Systems + Bauhaus Technologies, Globus Wireless + PCI Marketing & Communications, WatchGuard + Qiave Technologies

 Allegiance Telecom (ALGX) acquires Virtualis Systems


   *  Amount:         Undisclosed


   *  Terms:            n/a

   *  Premium:        n/a


   *  Industry:        Internet services


   *  Scorecard:      B+


    DALLAS, Oct. 3--Allegiance Telecom , a competitive local exchange carrier headquartered in Dallas, Texas, announced that on September 28, 2000, it acquired privately-held Virtualis Systems, a Web hosting company and applications service provider (ASP) based in North Hollywood, Calif. The Virtualis acquisition is Allegiance Telecom's third Internet-related purchase in 2000 as the company expands its hosting and e-commerce presence for its targeted business customers. Terms of the deal were not disclosed.